Global High Power LED Market, By Packaging Type (Flip Chip, Mesa, Vertical), Application (General Lighting, Automotive, Flash Lighting, Backlighting,) Wattage (1-2.9 W, 3-4.9 W, 5-10 W, 4 >10 W), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
High power LED market will reach at an estimated value of USD 6.60 billion and grow at a CAGR of 4.20% in the forecast period of 2021 to 2028. Rising long life and continuous usage is an essential factor driving the high power LED market.
High power LEDs are the type of LEDs with higher brightness index than conventional LEDs due to higher current levels and power dissipation. These LEDs are basically used in general lighting, mobile phones, signal lighting, and applications requiring high luminosity. Increasing environmental concerns are discouraging the fluorescent light market and also helps in providing positive outlooks for the high power LED industry.
Rising high brightness LED applications is a crucial factor accelerating the market growth, also increasing adoption of energy-efficient lighting solutions, rising Hb-led light applications, rising large scale replacements of traditional luminaires, continuous falling cost of Led component, increasing extensive adoption of innovative technologies or instance strong intelligent systems, IoT, real-time monitoring of illumination, rising technological advancement in connected lighting, rising government initiatives towards green construction and high demand from automotive industry are the major factors among others boosting the high power LED market. Moreover, rising research and development activities in the market, increasing modernization in the products offered in the market, rising demand for smart lighting systems and rising awareness regarding implementation of energy-efficient systems will further create new opportunities for high power LED market in the forecast period mentioned above.
However, increasing initial cost of the high power LEDs is the vital factor among others restraining the market growth, while rising difficulty in overcoming the thermal problems will further challenge the high power LED market in the forecast period mentioned above.
This high power LED market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on high power LED market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
High Power LED Market Scope and Market Size
High power LED market is segmented on the basis of packaging type, application and wattage. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of packaging type, high power LED market is segmented into flip chip, mesa, and vertical.
- Based on application, the high power LED market is segmented into general lighting, automotive, flash lighting and backlighting.
- The high power LED market is also segmented on the basis of wattage into 1-2.9 W, 3-4.9 W, 5-10 W and4 >10 W.
High Power LED Market Scope Country Level Analysis
High power LED market is analysed and market size, volume information is provided by country, packaging type, application and wattage as referenced above.
The countries covered in the high power LED market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the high power LED market due to increasing adoption of energy-efficient lighting solutions, rising Hb-led light applications, rising research and development activities in the market, rising large scale replacements of traditional luminaires, continuous falling cost of Led component and rising long life and continuous usage in this region.
The country section of the high power LED market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and High Power LED Market Share Analysis
High power LED market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to high power LED market.
The major players covered in high power LED market report are Cree, Inc., NICHIA CORPORATION, OSRAM GmbH, SAMSUNG, EVERLIGHT, Lumileds Holding B.V, EPISTAR Corporation, LG INNOTEK, Broadcom, Excelitas Technologies Corp., High Power Lighting Corporation, Lextar Electronics Corporation, ROHM Co. Ltd., Kingbright Electronic Co. Ltd, Würth Elektronik GmbH & Co. KG, Seoul Semiconductor Co., Ltd, Luckylight Electronics Co., Ltd, Plessey, Betlux Electronics Co., Ltd, EFFILUX, Lite-On, Crescent Opto Private Limited, Vollong Electronics Co.,Limited, Stanley Electric, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.